§ 9-221. Initial subscriptions for capital stock account

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The incorporators of a capital stock association shall have subscriptions for capital stock in an aggregate of not less than $ 1,000,000, or any greater amount that the Division Director requires in order to conduct a safe and sound operation.

HISTORY: CA § 6-217.1; 1980, ch. 856; 1986, ch. 282.

                    
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